Kodak and the Digital Revolution [pic] [pic][pic]Brief Overview: Kodak is a multinational American corporation which has become a household name most known for its film products. The company has come face to face with many changes due to the digital revolution which has created a rapid changing photography industry. George Eastman began Kodak in 1880 and introduced the first Kodak camera in 1888 coining the slogan “you press the button‚ we do the rest.” Eastman held a high standard for the company
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Memo To: Daniel Carp‚ CEO‚ Eastman Kodak Company Re: Kodak’s Strategic and Industry Analysis Executive Summary: After taking a close look at the photography industry‚ it is evident that there has been a significant shift from the use of traditional film cameras to a market fully fledged and saturated with modern and updated digital cameras and digital photographic tools. As more consumers adapt to this technological change‚ the demand for digital cameras in the market grows substantially‚ which
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In my March 6 memo‚ I discussed the need for Kodak to revamp its core strategy and regain popularity. Eastman Kodak has been the leader of photography and printing products for nearly 130 years. Over the last few years Kodak has been in distress due to its poor fundamental shift into the digital age. Lack of strategic creativity led Kodak to misunderstand the industry in which it was operating. This lack of strategic creativity was costly for Kodak. This memo will explore the options I briefly
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Kodak Case Study 2) Compare traditional photography to digital imaging. What are the main structual differences? How have value creation and value capture changed from traditional to digital photography? The main difference between traditional photography and digital imaging is that digital imaging doesn’t need physical films to take pictures and papers to see the pictures taken. This changed the customer experience of the whole process of enjoying pictures as below. Traditional Photography
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Comprehensive Strategic Plan for Eastman Kodak | For Terry Bell‚ VP of Strategy‚ Eastman Kodak Company | Executive Summary This report’s objective is to create a comprehensive strategic plan for Eastman Kodak. An assessment of Kodak’s value and mission will assist in understanding the overall strategy and operation of the company. The development of strategic objectives is based on a review of the company’s competitive environment and an analysis of its core business functions. This report
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KODAK CASE STUDY: MONOPOLY TO OLIGOPOLY BUS 525: ECONOMICS OF THE FIRM Casey Fogerson: 11527549 Nicholas Kramer: 11779949 Maher Yassine: 11776418 Sichao Wang: 11480118 Woo Jung: 10989969 Yi-Chun Lin: 11753536 MARCH 10TH‚ 2014 I. EXECUTIVE SUMMARY Kodak dominated the amateur photography market primarily through its innovative products: color slide film and color photography. Seeing that Kodak monopolized the market‚ the United States government stepped in with the 1921 and 1954 consent decrees
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Kodak and Fujifilm Management Concepts Professor Nekia Hackworth Ife Morrison 5/8/2014 In 1879 George Eastman traveled to London to obtain a patent on his plate coating machine. The patent was granted a year later. Once the patent was granted Mr. Eastman got an investor at the name of Henry A. Strong. Soon after‚ Henry Strong and Mr. Eastman decided to go into business together. They created a company called Eastman Dry Plate Company. At that time Mr. Eastman quit his job
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Kodak: The reason for bankruptcy Table of Contents 1. Introduction 2. Kodak Company Overview 2.1 Descriptive 2.2 An Analysis of Kodak’s Strategic Strengths 3. Photographic Industry 3.1 Description of the photographic industry 3.2 Analysis Using Porter’s Five Competitive Forces Model Rivalry: high pressure Bargaining power of buyers: median to high pressure Bargaining power of suppliers: low pressure Threats of substitutes: high pressure Threats of new entrants: low pressure 4. Kodak’s
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Kodak and the Digital Revolution GMAN 509 Strategic Management of Technological Innovation Summary In 1976 Kodak controlled 90% of the film market and 85% of camera sales in the United States. By 1992 the share of film market decreased by 5%. In 1991 they launched the first professional digital camera. In 1998 they spent $1.2 billion to two joint ventures with the Chinese government and by 1999 became number two in digital cameras in the United States with a 27% market share. In 2001 it launched
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Eastman Kodak Company: Funtime Film 1. Diagnose the reasons for Kodak’s market share loss and make your assessment of the likely development of the market if Kodak maintained the status quo. Kodak has been losing market share for the past five years to the point it has gone from 76% to 70%. The underlying causes that have generated such losses and have ultimately led consumers to favor competing brands with larger growth are: I. Consumers are tending to view film as a commodity‚ often
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